Funding you earn now, next payment 10:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.011%
Price spread now: QFEX against Bullet−0.134%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.134% cheaper against Bullet than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet BNC-USD | 6.3685 | 0 | get 0.0000% / 1h | 17m 34s | $9K | $16K | 10x |
| Short | QFEX BNC-USD | 6.3600 | −0.0080 | pay 0.0010% / 1h | 17m 34s | $50K | $12K | 10x |
Bullet BNC-USD
QFEX BNC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.8
- Price spread: −0.134% → 0.000%
- −$13.36
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$48.16
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; QFEX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bullet no order-book sample | — | — | — | — | — |
| Sell QFEX no order-book sample | — | — | — | — | — |
Bullet and QFEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BNC on 9 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNCUSDT | −0.0357% | 8h | 6.3680 | −0.008% | $14.1M | $34.5M | 10x | as long as short |
| Variational Omni BNC | −0.0280% | 8h | 6.3627 | −0.091% | $119K | $140K | — | as long as short |
| Aster BNCUSD1 | −0.0189% | 8h | 6.3735 | +0.079% | $183K | $21K | 10x | as long as short |
| QFEX BNC-USDshort | −0.0080% | 1h | 6.3600 | −0.134% | $50K | $12K | 10x | |
| Bybit BNCUSDT | 0.0000% | 8h | 6.3620 | −0.102% | $534K | $1.5M | 25x | as long as short |
| Bitget BNCUSDT | 0.0000% | 8h | 6.3777 | +0.144% | $862K | $3.3M | 5x | as long as short |
| Bullet BNC-USDlong | 0.0000% | 1h | 6.3685 | long leg | $9K | $16K | 10x | |
| HTX BNC-USDT | 0.0000% | 8h | 6.3620 | −0.102% | $14K | $19K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.3720 | +0.055% | $53K | $3.0M | 20x | as long as short |
Binance BNCUSDT
Variational Omni BNC
Aster BNCUSD1
Bybit BNCUSDT
Bitget BNCUSDT
HTX BNC-USDT
KuCoin BNCUSDTM